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each morning news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. for asians or the day.

kaiser this is the kaiser for gold. in euro zone british pounds us dollars all across the world people want goal and out o. the fee up currency matrix you have a tell me more well max the entire world's financial system is once again crumbling and part of the reason of course is the oligarchies that rule our world and have not faced justice for that because they are part of the all the darky there's no

differentiation between the heads of these banks and the heads of the government but also importantly the other important ingredient is propaganda and how propaganda confuses the populations in the west half of us social program recent b. and believe they have not used a government social program so this is from the united states and if you look at the start of the top four demonstrating the most ignorance of being receptive of government welfare. three out of four of them are referring to higher education that that is the five twenty nine recovery bell which sixty four point three percent of people who receive this government funding don't even know they're receiving taxpayer financed help home mortgage interest deduction hope or lifetime learning tax credit and student loans are also the people who receive this government assistance are completely ignorant of receiving government help or sort

of propagandists in other words all day long and all the major media in the united states you hear this we don't want socialism we are pure capitalism and but in reality every single one of those frickin losers as on some government sponsored social program to one extent or the other but because of propaganda they don't even know they're on a social welfare propaganda tell us more of the details so max this is from boing boing and with the way cory doctorow explains that he says keep your government hands off my medicare phenomenon writ large a society of people who subsist on mutual aid to redistribute policies who have been conned in convert them selves into thinking that they are rugged individualists and that everyone else is a parasite so where do they get that mis notion of course from the likes of fox news where you hear over and over and over and over again the welfare people are those black people who live in public housing and you see those people way down the bottom of the list twenty five percent of food stamp recipients don't realize

they're receiving government aid seventy five percent know it which is pretty shocking actually twenty five percent don't know where they get it from you know. the ones that they do know the deal that they get by the man then the people on the top don't know but actually they're also getting by the man yet so the bottom is told constantly by the media and the media distracts the upper middle class and the middle class people. from the fact how much of the redistributive policies benefit them they don't resign they don't know they're receiving these benefits so that's why they're out there you know shouting to the politicians to get rid of those welfare bums when they get themselves out of welfare bums and i bet you anything that if they questioned bankers because i don't see them represented on this but i bet you one hundred percent of bankers like lloyd blankfein who said they don't need any help from goldman sachs we don't use any help from the government but we

know for a fact they've received trillions and help oh absolutely one hundred percent of their entire existence is due to the largest the government assistance to redistribution of wealth these are be the government to these should mottos on wall street who are adding nothing to society they are the parasites they are the leeches well you know on a number of regards because first of all while some of them will recognize that tarp was there they know that's a government program but it's the taxpayer and their triple a rated debt that backs these banks they give these banks zero percent money to to speculate around the world and to destroy other economies unlimited capital available to them and zero percent interest rate to speculate with and if they make a bad bet they get bailed out so it's actually been explained something here so there is a betting strategy involved it's called the martin bail betting strategy if you go

to the roulette wheel and you put your money on red if you lose you just double your bet and you keep placing that money in red until eventually you win and this is called the martindale betting system and the problem of using it in a country like america when you have banks like goldman sachs and j.p. morgan using the martin betting system using derivatives in unlimited borrowing of cash is that it destroys the currency so what goldman sachs and j.p. morgan are saying is like we're just going to keep placing our bets on the same red on the roulette wheel global to reduce markets and we don't care if it means the. little destruction of america the global financial system and the u.s. dollar to me that is the equivalency of any brazen act by any extremist wielding any type of weapon anywhere and yet nobody is stepping in and cutting these people off from their own limited free credit and their bogus attempt to win by rigging these markets well we talk about this propaganda and how it

changes the outcome of our economies and our political systems so eric cantor hit by democrats for potentially profiting from u.s. default house democrats are circulating a resolution accusing house majority leader eric cantor of having a conflict of interest in the debt ceiling debate a move that could provide an awkward c.-span moment for one of the lead republicans in the budget negotiations well ok so eric cantor is not just making a little back it's not like ok he bought gold or silver and he's going to profit if if the u.s. collapses and he's taken an active bet he owns a. trust ultra short twenty year treasury e.t.f. mercer but short ultra short tumbledown betting that the american bond market will collapse because they don't hit the debt ceiling resolution in any reasonable period of time thus he cashes in on the instilling chaos now this is jihadi bankers

and brokers who are willing to blow themselves up to make a quick buck so go out of flashing back to nine eleven era cancer would be one of those guys who got airline puts on the airlines right before they crashed into the towers profiting from the deaths on nine eleven that's the kind of financial terrorist eric cantor is proven by him buying double down short government bond e.t.f. and then making sure that the debt ceiling becomes a chaotic situation that's financial terrorism that's treason you mentioned the martin gal technique and this is you know. are politicians in the united states striving to destroy the economy i mean is this them doubling down over and over is he he's doubled down on this like how long has he been is he is he making up for the losses like has he been trying to make it default and it hasn't yet succeeded and they haven't yet been downgraded and they haven't yet triggered a credit event but meanwhile they're destroying greece as we know through their acolyte in the region the i.m.f.

they're destroying now looking at italy spain they destroy ireland and of course guys like eric cantor make millions of dollars by destroying these countries and making these bets on insider trading is legal in washington the shadow banking system is fourteen trillion large so a lot of stuff is off the books on regulated unseen and i'm just laughing at the american people eric cantor is laughing at the american people so i don't know why i can laugh at the american people if i don't senators last of the way you made you mentioned a greece a particular increase went down that slippery slope of oblivion because prop enjoy a zero and the likes of their oligarchs who own all the country started making bets against their country so once they have that incentive once they own to be insurance products that only go up in value that are worth nothing if the economy doesn't collapse if the same with this product the error counter own it's worth zero if the economy does not collapse right you can make the argument that it's some german. well managed well balanced portfolio this is the

equivalent of improvised explosive devices killing marines in iraq from the terrorist eric cantor is the same thing he's a terrorist trying to kill people in america using him for guys exploding financial devices let's move on to another place where you know he's being attacked financially collapsing anyway is italy italy orders short sellers to disclose positions and this is interesting because italy's financial market regulator moves to curb short selling after the country's benchmarks. doc index fell the most enormous five months and bonds tumbled on investor concern italy would be the next victim of the reasons debt crisis so the regulator is forcing short sellers to reveal their positions when they reach a point two percent or more of the company's capital but the original headline of this article which they failed to capture was that they were going to ban naked short selling but then that changed they haven't banned that so they often confuse the short selling per se it is

a perfectly acceptable strategy in the market offsets buying stocks using borrowed money or margin selling short would be the equivalent of the sell side because you're doing that also in a margin account so these two balance each other out and create a fair price discovery that's fine but naked short selling is counterfeiting this is when you sell stock or security in this case that doesn't exist or simply selling something that doesn't exist in the hopes of fooling the crisis coverage mechanism the specialist into falsely creating a negative downward pressure on prices using counterfeiting and to get more technical about it the way it's counterfeit is that the obligations of deliver the short sell within the three day period is ignored and the regulatory agency that's set up to count that stuff doesn't exist anymore so this is clearly a case of outright fraud well greece in the case when there are countries being

attacked by naked short selling pumping trio came out and he said i'm going to panic it's short selling what he did in fact was right in the window for which people could short it to five to ten days so in fact he was doing the exact opposite so you could probably look for berlusconi to be doing the same right exactly the three day period or five day period of the trade settle when they reconcile all the buys the subtlety extended its intended which is the exact opposite of trying to. diminish the naked short selling it's by increasing storing gasoline. on to the naked short selling soap opera a incredibly stupid be incredibly corrupt see all of the above well let's stick back here with italy because greece ireland and portugal are gone or is but those countries are less than four hundred billion dollars khana me now we're going we're seeing spain and italy attacks italy is a two trillion dollar economy with two thousand tons of gold twenty four hundred tons of gold and only it's the second biggest position in the euro zone and that's

the mother lode i think that's been the target all along the green the ireland portugal those are side shows there are little micro countries not much of a deal there but italy's got actual gold at the i.m.f. and the people who support the i.m.f. the terrorists as i mentioned like eric cantor they're helping to facilitate the thieving of that twenty four hundred tons of gold because that is meaningful yeah of course because they need that gold because of course is the i.m.f. going to get the airport landing fees from naples or sicily. you know but italy is a little foreign country to look at it i mean it's kind of girl a scone e is a media tycoon he owns ninety percent of the media there is the murdoch of italy yet even more than that but this is why you know this ugly old buffoon who runs a country into the ground. and the population seems happy with it because he has

lots of breasts on his television shows and in all his media and porn stars that he nominates for it to run the economy and they seem all perfectly happy with that but when the i.m.f. comes and takes their gold i think somebody else is going to have the last laugh they might have had real fun with this before but. look stacey i think this is incredibly important can you stay. over past the break is that ok i think i could say all right don't go away oh be right back after this. rachel martin here broadcasting live from washington d.c. coming up today on the big picture.

we'll. bring you the latest in science and technology from. the future of coverage. welcome back to the for stacy herbert you know we were talking about the fraudulent berlusconi the economist magazine a cover story just recently called the biggest jerk on europe i believe was the headline but continue please well we're on the topic of media tycoons who have destroyed democracy certainly in italy and now it turns out destroyed the

economy but i want to turn to murdoch everybody's covering the story of course but he is a media tycoon has who has destroyed democracies and economies based on his propaganda and i want to show how this is systemic and systematic the way he is treated by politicians and by justice around the world and why we continue to find ourselves in economic collapse all these years later and it's part of the political collapse first take a look at this picture this is rupert murdoch last weekend arrives in london and meets with rebecca brooks who was the editor of the news of the world until two thousand and three and when asked what his top priority was according to the daily mail that eighty year old media mogul gestured to mrs brooks she is he replied not the victims not the shareholders b. sky b. shares plunged as news corps bid mired in uncertainty it's first of all it's mired

in uncertainty the guy should be in handcuffs the whole entire team should be in jail right now but here's how the guardian reports bloomberg they say reported that is many b. sky b. shares changed hands in the first ten minutes of trading then as in a normal day but there were also signs that some institutional investors were buying up b. sky b. shares often from. hedge funds who are bailing out of the company what does that tell you max well it tells me that he's got a great relationship with banks the same banks the government bailed out are now buying shares of b. sky b. on the behest of murdoch and it collusion that is again completely kind of thema to the sense of fair play and democracy in the marketplace again it's a fraud it's perpetuating a fraud and let me just put make a little side here the who's the biggest shareholder to come to the knox defense on day one but saudi prince i'll be wide who's

a big shareholder and of course the saudi arabia is a perfect example there is a country that's completely in the throes of a dictatorship of pernicious dictatorship forty the wealth and income gap is probably the more the highest in the world that's what the murdoch's aspire to they aspire to lords and service based prior to define right of schlepped should not be . dictators well going back to the story about hedge funds ditching the shares and selling them to institutional investors institutional investors are also of course the passive funds of a pension fund so these once again all of the risk all the toxic waste all the fraud all of the bad stuff gets dumped on to passive unvested us chumps whether we're you know taxpayers or peasants in these this oligarchic system we get dumped with the risk whatever you want it doesn't matter it's what happened no we saw the same thing with british petroleum there were other reasons why they weren't fully prosecuted for their the logical hole the cost is because they said oh well

everyone speaking their pension you don't want that to go down do you so they've made every want to complicit in the crime and you see this now all over the place this is one of the problems in this shareholder owning society is that the oligarchs can come back and say well you own a little bit of a share here in your employ implicated if you prosecute me then you're guilty and of course that is a full lation. it's argument that's tied to a sense of entitlement that a guy like murdoch has that it goes against any notion of a democratic society bordering on treason and i guess in sixteen main be john locke making his statement when the social contract is broken a revolution is required basically rupert murdoch has delivered to us a democracy and this is how this continues we no longer have the rule of law we

have only democracy and you can bet your bottom dollar he always sticks with one party in the u.s. it's republican in the u.k. it's. it's basically conservative even if it's under the guise of new labor like tony blair is a conservative us no that's ok so he establishes a hyper partisan democracy where half the population will not ever see that he is doing any wrong or the audience of fox news will they be shocked that he tapped the phones of nine eleven victims no he won't willy. and of course their defense is they say something about free speech this is the right to their own regulated protects free speech and their growth the law and their justifying their getting out the so-called truth as justifies or breaking the law so let's see if the department of justice will get involved because news corps is a u.s. listed company rupert murdoch's news corp could face one hundred million dollars bill for us investigation into police payments dr evil here one hundred million

dollars fine they're facing forty four billion dollars going to be in los angeles for clear about this that all means is that they call of goldman or morgan and they borrow one hundred million which then morgan will put on to the taxpayer tab as part of the overall bail out so this potential hundred million dollars would only happen if the u.s. department of justice decides to investigate based on america's foreign corrupt practices act so basically american listed companies aren't allowed to bribe foreign officials or like police or royal protection officers. well you know the u.s. justice system is got some cards to play and i mean clearly in los you want to just say that nine eleven was a joke and a bunch of financial mercenaries died on that day and we shouldn't give a flying hoot about it but unless you feel my way then you should prosecute rupert murdoch if i have to stop complaining and whining babies but he's he like first the

u.s. department of justice has investigated cheney which they haven't done that yet for his being the. executive during the time that kit k.b.r. was bribing nigerian officials i remember it turns out that they just paid him the nigerian officials two hundred fifty million something crazy to make sure there was no investigation there and search seeking to raise the debt ceiling because i got all these hundreds of millions of dollars of the bribes and i constantly are adding up to go another two trillion of bribes so let's look how other people inside britain are treated by u.s. justice and the british justice system for similar crimes to what rupert murdoch or rebecca wade slash brooks are being accused of u.s. anti-piracy body targets foreign web site owners for extradition british website owners could face action issue into the u.s. on piracy charges even if their operation has no connection to america and does something which is most probably legal in the u.k. this according to the u.s.

is immigration and customs enforcement official eric barnett he says that as long as the website address ends and got calmer got net is implicated in the spread of pirated u.s. made films t.v. or other media it is a legitimate target to face extradition to the u.s. and his quote defending this decision is this max i'll give you an analogy a lot of drug dealing is done by proxy you rarely give the money to the same person that you get the dope from i think the question is are any of these people less culpable but first of all copyright has a clause called fair use which ninety percent of the time the people that they're going after are simply using their constitutional fair use right so they're the ones are breaking the law number one second of all let's talk about this copyright thing for a second for the people that murdoch hacked into the seven seven bus bombing victims these soldiers ago killed in foreign wars they have their stories that it's

their stories they own their stories and their story has a monetary value obviously it doesn't move millions of units of papers ok. so that's a copyright violation right there because copyright law under you digital millennium copyright act freaks you out of that ownership of your own story still to this day you haven't figured out how to genetically remove people's personality from their skeletons yet so the fact that murdoch uses their stories to sell papers is a direct violation of the digital millennium copyright act he has broken copyright law thousands tens of thousands of times george michael yet to be covered by the r i a mega selling musician he's now very involved in this as well because his phones were tapped and he says his computers were hacked so he had definitely has our i covered material that they would have hacked they would have listened to they would have listened to which is an act of copyright infringement that's right so that's

they're eating their own sale here they've passed a law that makes no sense and now they're being tripped up by well with this copyright story the u.s. is seeking the extradition of a twenty three year old from britain to america because he linked to something that was copyrighted now let's look at this hacker ryan cleary could be extradited to u.s. to face court over cia computer attacks again this is the duplicity that is treated here is that i guess he isn't a teenager autistic teenager they're seeking his extradition because he hacked into a computer he faces ten years in prison in the united states. whereas rupert murdoch for hacking george michael's computer is engaged in industrial strength hacking across hundreds of thousands of accounts probably because they already know thousands probably represents the tip of the iceberg meanwhile one or two garden variety teenagers who happen to run afoul of this ridiculous law are being treated

like rank terrorist and subjected to the harshest penalties of the law ok max let's end where we started and that was where we said that the propaganda from fox news in america leads many people to not realize that they themselves are the welfare queens they so despise visa europe blocks we queue leaks donations through payment site so here's rupert murdoch's press in the u.k. in the us who i am or so on and exposes the luxury lifestyles of people living in prison or on food stamps then there is julius onj who exposes the genuine extravagance of the mubarak some but alleys of the world who have stolen hundreds of billions from their populations with the help of the big banks on wall street i might add. and if it's julian a song who is marginalized and attacked financially by the likes of visa and master

card well david cameron pleads with rupert murdoch please reconsider your bid for b. sky b. don't do it please. but describing here is the disconnect between rich and poor which has been growing for a couple of decades is spilling over into almost every single aspect of the law there's two sets of laws for copyright there's two sets of laws in banking there's two sets of laws almost on every piece of the jurisprudence spectrum that you could imagine and that is clearly a breakdown in the social contract i don't know how else to describe it it's a complete separation from the clock to craps that are running away with the wealth versus everyone else that's stuck there eating dirt like in haiti we're all becoming like haiti all right stacy her well that's all the time for all we have thanks so much for staying over and going through some of the stuff for us thank you thank you rex and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert if you want to send me an e-mail please do

kaiser report at r t t v r u and so next time this is max keiser saying. he.